Last updated on: 08/06/2020

Player shares may be bought in FOOTBID using two distinct approaches:

(1) Best buy button: by clicking a green button with the legend "Buy @ (best price)", resulting in the immediate purchase of 1 share of the player at the best price displayed [FAQ 4.13].

In some cases, the best buy button may be disabled [FAQ 4.16] or the order may be refused as the best buy price has changed meanwhile (e.g. another transaction of that player's shares occurred between the moment you have loaded the page and pushed the button).

(2) Custom buy order: by pressing the icon, selecting the "BUY" tab and submitting the custom order form after properly filling in the number of shares to buy, at which price and until what deadline (i.e. the order will expire if not completed until that date, at midnight).

Once placed, the FOOTBID matching algorithm [FAQ 4.8] will continuously run and try to find corresponding sell orders from other users. Every time there is a match, and as long as your buy order is still open [FAQ 5.3] and you still have enough funds, a transaction will be automatically executed.

Player shares may be sold in FOOTBID using two distinct approaches:

(1) Best sell button: by clicking a red button with the legend "Sell @ (best price)", resulting in the immediate sale of 1 share of the player at the best price displayed [FAQ 4.14].

In some cases, the best sell button may be disabled [FAQ 4.17] or the order may be refused as the best sell price has changed meanwhile (e.g. another transaction of that player's shares occurred between the moment you have loaded the page and pushed the button).

(2) Custom sell order: by pressing the icon, selecting the "SELL" tab and submitting the custom order form after properly filling in the number of shares to sell (which is limited to the number of shares you own), at which price and until what deadline (i.e. the order will expire if not completed until that date, at midnight).

Once placed, the FOOTBID matching algorithm [FAQ 4.8] will continuously run and try to find corresponding buy orders from other users. Every time there is a match, and as long as your sell order is still open [FAQ 5.3], a transaction will be automatically executed.

The Orders module centralizes all orders you have placed in the platform, regardless of their origin as best price or custom orders [FAQ 4.6 / 4.7] and their current status [FAQ 5.3].

The sections in the Orders module depend on the order status [FAQ 5.3] and nature (i.e. buying or selling):

  • Open: displays all orders (i.e. buying or selling) which are still active;
  • Buying: displays only buying orders which are still active;
  • Selling: displays only selling orders which are still active;
  • Closed: displays all orders which are not active anymore.

An order may be 'open' or 'closed'.

An 'open' order is an order that has not yet reached its deadline, still has pending quantities to be fulfilled and was not cancelled by you. These orders can be checked under the ' Open', ' Buying' or ' Selling' sections.

A 'closed' order is an order that has either been totally fulfilled, reached its deadline or was cancelled by you. These orders can be checked under the ' Closed' section.